Gingrich camp raised $10 million in fourth quarter
(CNN) – Newt Gingrich's campaign reported raising nearly $10 million during the final three months of 2011, according to its Federal Election Commission filing released Tuesday.
A spokesman for the candidate also announced on Twitter earlier in the day that the campaign had raised $5 million in January.
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R.C. Hammond made the announcement on Twitter as Gingrich was engaged in a fierce battle in Florida, the site of Tuesday's primary. The most recent polls showed Gingrich facing a ten-point deficit against former Massachusetts Gov. Mitt Romney.
While the FEC report shows the campaign started the year with $1.2 million in debt, Hammond gave no figure for the debt the campaign has at the end of January.
Mitt Romney's campaign, which announced earlier in January they had raised $24 million the fourth quarter of 2011, said they wouldn't reveal January fundraising on Tuesday.
Romney spokesperson Andrea Saul said the campaign was in strong financial shape heading into Florida's key primary.
"Mitt Romney will be the nominee because he has the resources, the organization, and, most importantly a pro-jobs message," Saul said. "We closed the quarter with $19 million cash on hand and will have all of the resources we need to compete and win."
-CNN's Paul Steinhauser contributed to this report.
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Rich people money needs to spent on USA soil, instead of shipping to China, India, Bangladesh., etc, Good job, keep it up...Obama2012.
Money, money, money-nothing like BOUGHT nominations!! Citizens United needs to go–SOON!
OBAMA/BIDEN 2012
Since Sarah has slummed for Newt, does that mean that She can see the moon from her house?
Newt has plenty of support. He will continue, in spite of the lying assault against him by Romney. Romney can't fool everyone.
Didn't the Grinch get $5 mil from his rich Vegas buddy? This guy is a frontrunner? Ron Paul gets more than this Progressive $20.12 at a time. Real people, integrity, honesty, ideas, Constitutionality, Ron Paul...
Who says our elections are not won by money?
Not a surprising figure when you consider Newt's Hebrew bff Mr. Adelsson donated about 5 million of that 5 million.
The campaigns are both preaching fiscal Conservatism to the masses.
If they're spending more in advertising than they're bringing in during the same period, how is this fiscal responsibility?
Basically, you're dipping into your savings (previous donations) to top up the balance, hardly a good strategy for financial conservatism.
Bachmann's campaign was the same, overspending on a dream that was never going to happen, hardly a stalwart of Conservative principles.
The US election method is a complete joke – millions of dollars spent on campaigning for YEARS and they have to campaign each and every time as they don't have any "official" heads of their parties that would just run for President when there's an election.
In many other Western countries, such as the UK, France, Canada, Germany, Italy, etc, the leaders of the parties in power simply run for office against the leaders of the other parties, and there isn't the need for months of campaigning and millions of dollars wasted in primary races before the candidates are even chosen.
Greatest democracy in the World? Don't make me laugh.
Money won't necessarily buy an election. Anyone remember Meg Whitman, who ran for gov of CA with her ebay billions. Money can buy bashing commercials, can put people on the phone for you, but at the end of the day you can't make a person vote.
Gingrich and Romney will spend hundred of millions of dollars in the next six months telling the public all the things that are wrong with the other candidate, then at the GOP convention, the one that gets the nomination will probably pick the other one to be his running mate, then they will have to spend millions of dollars more convincing the public that they can work together despite their differences.
The whole process has the look and feel of a Marx Brothers farce.